Scott J Milchman & Mindy V Milchman Acquire Store In Hialeah, FL For $10.7M
1200 West 68th Street, Hialeah, Florida 33014, United States
$10,725,000
$670,312/SF
Building Size
16 SF
Asset Type
Retail
Closing
Jul 11, 2022
About this deal
AI
The property asset involved in this transaction is a store located at 1200 W 68th St in Hialeah, FL. The property has a total square footage of 16,756. The transaction took place on November 7, 2022, with a sale price of $10,725,000. The price per square foot for this property is $640.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $10,725,000
- Address: 1200 W 68th St, Hialeah, FL
- Market: Hialeah, FL
- Buyer: Scott J Milchman & Mindy V Milchman
- Seller: Donald A. Smith
- Square Footage: 16,756
- Price per Square Foot: $640
In this transaction, Scott J Milchman & Mindy V Milchman acted as the buyers, while Donald A. Smith was the seller. The deal was closed successfully with the purchase of the store property.
On the Map
$10,725,000
$670,312/SF
Retail
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Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93